Basis: Latest stored market observation. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the dividend payout ratio high or low?
The dividend payout ratio of 32.78% is in line with its 5-year average of 33.99%, near the low end of its 5-year range (24.45%–58.23%).
As of Monday, October 5, 2026. 5.90% below its 12-month average of 34.83%.
Dividend Payout Ratio (32.78%) = TTM Dividends/Share ($1.72) / TTM EPS ($5.25)
Trailing-12-month dividend payout ratio; raw quarterly payout is intentionally not charted. Historical series through 2026-10-05.
DIVIDEND PAYOUT RATIO
32.78%
DIVIDEND PAYOUT RATIO AVG TTM
34.83%
DIVIDEND PAYOUT RATIO AVG 3Y
39.92%
DIVIDEND PAYOUT RATIO AVG 5Y
33.99%
DIVIDEND PAYOUT RATIO AVG 10Y
35.78%
DIVIDEND PAYOUT RATIO AVG 15Y
37.66%
DIVIDEND PAYOUT RATIO AVG 20Y
38.77%
CURRENT VS TTM AVG
-5.90%
CURRENT VS 3Y AVG
-17.89%
CURRENT VS 5Y AVG
-3.57%
CURRENT VS 10Y AVG
-8.40%
CURRENT VS 15Y AVG
-12.98%
CURRENT VS 20Y AVG
-15.46%
| Fiscal year end | EPS | Dividends (FY) | Payout Ratio |
|---|---|---|---|
| 2025-12-31 | $4.88 | $1.63 | 33.4% |
| 2024-12-31 | $3.63 | $1.54 | 42.4% |
| 2023-12-31 | $3.21 | $1.46 | 45.5% |
| 2022-12-31 | $5.32 | $1.35 | 25.4% |
| 2021-12-31 | $4.51 | $1.23 | 27.3% |
| 2020-12-31 | $2.84 |
The payout ratio shows the share of trailing-12-month earnings paid out as dividends. Lower leaves more room to grow the dividend; a ratio persistently above 100% means dividends exceed earnings.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DIVIDEND PAYOUT RATIO |
|---|---|
| 2026-10-05 | 32.78% |
| 2026-10-02 | 32.77% |
| 2026-10-01 | 32.76% |
| 2026-09-30 | 32.75% |
| 2026-09-29 | 32.76% |
| 2026-09-28 | 32.78% |
| 2026-09-25 | 32.77% |
| 2026-09-24 | 32.76% |
| 2026-09-23 | 32.76% |
| 2026-09-22 | 32.75% |
| 2026-09-21 | 32.76% |
| 2026-09-18 | 32.75% |
| 2026-09-17 | 32.75% |
| 2026-09-16 | 32.77% |
| 2026-09-15 | 32.75% |
| 2026-09-14 | 32.76% |
| 2026-09-11 | 32.77% |
| 2026-09-10 | 32.76% |
| 2026-09-09 | 32.77% |
| 2026-09-08 | 32.76% |
| 2026-09-04 | 32.76% |
| 2026-09-03 | 32.76% |
| 2026-09-02 | 32.76% |
| 2026-09-01 | 32.76% |
| 2026-08-31 | 32.75% |
| 2026-08-28 | 32.77% |
| 2026-08-27 | 32.77% |
| 2026-08-26 | 32.76% |
| 2026-08-25 | 32.78% |
| 2026-08-24 | 32.76% |
| 2026-08-21 | 32.78% |
| 2026-08-20 | 32.77% |
| 2026-08-19 | 32.75% |
| 2026-08-18 | 32.77% |
| 2026-08-17 | 32.78% |
| 2026-08-14 | 40.39% |
| 2026-08-13 | 32.19% |
| 2026-08-12 | 32.18% |
| 2026-08-11 | 32.18% |
| 2026-08-10 | 32.19% |
| 2026-08-07 | 33.01% |
| 2026-08-06 | 33.02% |
| 2026-08-05 | 33.02% |
| 2026-08-04 | 33.02% |
| 2026-08-03 | 33.02% |
| 2026-07-31 | 33.00% |
| 2026-07-30 | 33.02% |
| 2026-07-29 | 33.01% |
| 2026-07-28 | 33.00% |
| 2026-07-27 | 33.01% |
| 2026-07-24 | 33.01% |
| 2026-07-23 | 32.99% |
| 2026-07-22 | 33.01% |
| 2026-07-21 | 33.02% |
| 2026-07-20 | 32.99% |
| 2026-07-17 | 33.01% |
| 2026-07-16 | 32.99% |
| 2026-07-15 | 32.99% |
| 2026-07-14 | 33.00% |
| 2026-07-13 | 33.00% |
| 2026-07-10 | 33.00% |
| 2026-07-09 | 33.00% |
| 2026-07-08 | 33.02% |
| 2026-07-07 | 33.00% |
| 2026-07-06 | 32.99% |
| 2026-07-02 | 32.99% |
| 2026-07-01 | 33.01% |
| 2026-06-30 | 33.00% |
| 2026-06-29 | 33.01% |
| 2026-06-26 | 33.02% |
| 2026-06-25 | 33.01% |
| 2026-06-24 | 33.02% |
| 2026-06-23 | 33.00% |
| 2026-06-22 | 33.00% |
| 2026-06-18 | 33.00% |
| 2026-06-17 | 32.99% |
| 2026-06-16 | 32.99% |
| 2026-06-15 | 32.99% |
| 2026-06-12 | 33.02% |
| 2026-06-11 | 33.02% |
| 2026-06-10 | 33.01% |
| 2026-06-09 | 33.00% |
| 2026-06-08 | 33.00% |
| 2026-06-05 | 33.02% |
| 2026-06-04 | 33.02% |
| 2026-06-03 | 33.01% |
| 2026-06-02 | 33.01% |
| 2026-06-01 | 33.01% |
| 2026-05-29 | 33.00% |
| 2026-05-28 | 33.01% |
| 2026-05-27 | 33.00% |
| 2026-05-26 | 33.00% |
| 2026-05-22 | 33.01% |
| 2026-05-21 | 32.99% |
| 2026-05-20 | 33.02% |
| 2026-05-19 | 32.41% |
| 2026-05-18 | 32.43% |
| 2026-05-15 | 32.42% |
| 2026-05-14 | 32.40% |
| 2026-05-13 | 32.43% |
| 2026-05-12 | 32.41% |
| 2026-05-11 | 32.42% |
| 2026-05-08 | 34.10% |
| 2026-05-07 | 34.10% |
| 2026-05-06 | 34.08% |
| 2026-05-05 | 34.08% |
| 2026-05-04 | 34.07% |
| 2026-05-01 | 34.10% |
| 2026-04-30 | 34.09% |
| 2026-04-29 | 34.10% |
| 2026-04-28 | 34.07% |
| 2026-04-27 | 34.07% |
| 2026-04-24 | 34.08% |
| 2026-04-23 | 34.07% |
| 2026-04-22 | 34.08% |
| 2026-04-21 | 34.10% |
| 2026-04-20 | 34.07% |
| 2026-04-17 | 34.10% |
| 2026-04-16 | 34.07% |
| 2026-04-15 | 34.10% |
| 2026-04-14 | 34.10% |
| 2026-04-13 | 34.09% |
| 2026-04-10 | 34.07% |
| 2026-04-09 | 34.07% |
| 2026-04-08 | 34.07% |
| 2026-04-07 | 34.10% |
| 2026-04-06 | 34.07% |
| 2026-04-02 | 34.10% |
| 2026-04-01 | 34.07% |
| 2026-03-31 | 34.10% |
| 2026-03-30 | 34.08% |
| 2026-03-27 | 34.10% |
| 2026-03-26 | 34.10% |
| 2026-03-25 | 34.08% |
| 2026-03-24 | 34.10% |
| 2026-03-23 | 34.09% |
| 2026-03-20 | 34.10% |
| 2026-03-19 | 34.07% |
| 2026-03-18 | 34.08% |
| 2026-03-17 | 34.08% |
| 2026-03-16 | 34.09% |
| 2026-03-13 | 36.80% |
| 2026-03-12 | 36.80% |
| 2026-03-11 | 36.80% |
| 2026-03-10 | 36.82% |
| 2026-03-09 | 36.82% |
| 2026-03-06 | 36.81% |
| 2026-03-05 | 36.82% |
| 2026-03-04 | 36.79% |
| 2026-03-03 | 36.79% |
| 2026-03-02 | 36.79% |
| 2026-02-27 | 36.80% |
| 2026-02-26 | 36.81% |
| 2026-02-25 | 36.81% |
| 2026-02-24 | 36.82% |
| 2026-02-23 | 36.81% |
| 2026-02-20 | 36.82% |
| 2026-02-19 | 36.79% |
| 2026-02-18 | 36.80% |
| 2026-02-17 | 36.81% |
| 2026-02-13 | 45.65% |
| 2026-02-12 | 36.14% |
| 2026-02-11 | 36.14% |
| 2026-02-10 | 36.14% |
| 2026-02-09 | 36.15% |
| 2026-02-06 | 36.13% |
| 2026-02-05 | 36.16% |
| 2026-02-04 | 36.15% |
| 2026-02-03 | 36.13% |
| 2026-02-02 | 36.14% |
| 2026-01-30 | 36.14% |
| 2026-01-29 | 36.12% |
| 2026-01-28 | 36.12% |
| 2026-01-27 | 36.16% |
| 2026-01-26 | 36.16% |
| 2026-01-23 | 36.15% |
| 2026-01-22 | 36.13% |
| 2026-01-21 | 36.13% |
| 2026-01-20 | 36.14% |
| 2026-01-16 | 36.16% |
| 2026-01-15 | 36.15% |
| 2026-01-14 | 36.13% |
| 2026-01-13 | 36.15% |
| 2026-01-12 | 36.13% |
| 2026-01-09 | 36.14% |
| 2026-01-08 | 36.14% |
| 2026-01-07 | 36.13% |
| 2026-01-06 | 36.13% |
| 2026-01-05 | 36.13% |
| 2026-01-02 | 36.13% |
| 2025-12-31 | 36.13% |
| 2025-12-30 | 36.12% |
| 2025-12-29 | 36.13% |
| 2025-12-26 | 36.16% |
| 2025-12-24 | 36.15% |
| 2025-12-23 | 36.14% |
| 2025-12-22 | 36.13% |
| 2025-12-19 | 36.16% |
| 2025-12-18 | 36.14% |
| 2025-12-17 | 36.14% |
| 2025-12-16 | 36.15% |
| 2025-12-15 | 36.13% |
| 2025-12-12 | 36.13% |
| 2025-12-11 | 36.13% |
| 2025-12-10 | 36.14% |
| 2025-12-09 | 36.14% |
| 2025-12-08 | 36.16% |
| 2025-12-05 | 36.13% |
| 2025-12-04 | 36.14% |
| 2025-12-03 | 36.13% |
| 2025-12-02 | 36.13% |
| 2025-12-01 | 36.16% |
| 2025-11-28 | 36.15% |
| 2025-11-26 | 36.14% |
| 2025-11-25 | 36.16% |
| 2025-11-24 | 36.14% |
| 2025-11-21 | 36.13% |
| 2025-11-20 | 36.14% |
| 2025-11-19 | 36.14% |
| 2025-11-18 | 36.15% |
| 2025-11-17 | 36.13% |
| 2025-11-14 | 45.03% |
| 2025-11-13 | 35.46% |
| 2025-11-12 | 35.48% |
| 2025-11-11 | 35.46% |
| 2025-11-10 | 35.48% |
| 2025-11-07 | 39.04% |
| 2025-11-06 | 39.04% |
| 2025-11-05 | 39.03% |
| 2025-11-04 | 39.04% |
| 2025-11-03 | 39.04% |
| 2025-10-31 | 39.01% |
| 2025-10-30 | 39.01% |
| 2025-10-29 | 39.03% |
| 2025-10-28 | 39.03% |
| 2025-10-27 | 39.03% |
| 2025-10-24 | 39.01% |
| 2025-10-23 | 39.03% |
| 2025-10-22 | 39.01% |
| 2025-10-21 | 39.02% |
| 2025-10-20 | 39.03% |
| 2025-10-17 | 39.01% |
| 2025-10-16 | 39.04% |
| 2025-10-15 | 39.04% |
| 2025-10-14 | 39.02% |
| 2025-10-13 | 39.02% |
| 2025-10-10 | 39.02% |
| 2025-10-09 | 39.03% |
| 2025-10-08 | 39.04% |
| 2025-10-07 | 39.03% |
| 2025-10-06 | 39.01% |
| 2025-10-03 | 39.02% |
| 2025-10-02 | 39.03% |
| 2025-10-01 | 39.01% |
| 2025-09-30 | 39.02% |
| 2025-09-29 | 39.02% |
| 2025-09-26 | 39.02% |
| 2025-09-25 | 39.02% |
| 2025-09-24 | 39.01% |
| 2025-09-23 | 39.02% |
Showing the most recent 260 of 2,406 data points. The chart above shows the full history.
| $1.14 |
| 40.1% |
| 2019-12-31 | $3.06 | $1.06 | 34.6% |
| 2018-12-31 | $2.93 | $0.98 | 33.4% |
| 2017-12-31 | $2.35 | $0.88 | 37.4% |
| 2016-12-31 | $2.09 | $0.83 | 39.6% |
| 2015-12-31 | $1.94 | $0.77 | 39.9% |
| 2014-12-31 | $1.75 | $0.73 | 41.9% |
| 2013-12-31 | $1.99 | $0.73 | 36.9% |
| 2012-12-31 | $1.52 | $0.67 | 43.9% |
| 2011-12-31 | $1.52 | $0.67 | 43.9% |
| 2010-12-31 | ($1.00) | $0.67 | N/A (Loss) |
| 2009-12-31 | ($0.45) | $0.67 | N/A (Loss) |
| 2008-12-31 | $1.17 | $0.85 | 72.9% |
| 2007-12-31 | $1.49 | $0.62 | 41.6% |
| 2006-12-31 | $1.34 | $0.59 | 43.8% |
| 2005-12-31 | $1.51 | $0.53 | 35.3% |
| 2004-12-31 | $1.11 | $0.53 | 48.0% |
| 2003-12-31 | $0.55 | $0.55 | 99.4% |
| 2002-12-31 | $1.35 | $0.51 | 37.7% |
| 2001-12-31 | $1.28 | $0.48 | 37.3% |
| 2000-12-31 | $1.07 | $0.25 | 23.4% |
